Rental volumes ease in October as condo rents rise 2.5% YoY

HDB rents remain 1.8% higher than a year earlier.

Condo rental volumes in Singapore fell 9.7% month on month (MoM) to 5,819 units in October 2025, compared with 6,447 units in September, according to the latest 99-SRX Media Flash Report.

Overall condo rents rose 2.5% year on year (YoY), with the rental index stable at 143.8. By region, rents increased 2.9% in the Core Central Region, 2.7% in the Rest of Central Region, and 2.1% in the Outside Central Region.

Of October’s condo transactions, 34.3% were in the Rest of Central Region, 33.5% in the Outside Central Region, and 32.2% in the Core Central Region. Rental volumes were 1.9% higher YoY but 3.2% below the five‑year October average.

HDB rents declined 0.5% MoM, with Mature and Non‑Mature towns down 0.4% and 0.5%, respectively. Prices for 3‑room and 5‑room flats fell 1.2% and 0.7%, while Executive flats rose 2.8%. YoY, overall HDB rents increased 1.8%, with gains across all flat types.

HDB rental volumes dropped 5.8% MoM to 2,471 units, compared with 2,623 in September. Year on year, volumes rose 5.2% but remained 2.4% below the five‑year October average. SRX reported that by flat type, 36.7% of rentals were 4‑room units, 32.5% were 3‑room, 24.9% were 5‑room, and 5.8% were Executive flats.

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